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Re: Govt. borrows 46 cents of every dollar it spends

Originally Posted by Moot

I never mentioned Clinton either and yet here we are. So what are you trying to say, that Clinton was responsible for Bush debt? Do you think Obama's debt would be as high now if he had inherited Clinton's debt and budget surplus instead of Bush's debt and policies? Because I sure don't. In fact, I don't think we would have even had a 9/11 if Gore had been elected. <sigh> if wishes were fishes....

Re: Govt. borrows 46 cents of every dollar it spends

Originally Posted by Blue_State

Reducing spending does not reduce revenue. Revenue is a result of the government taxing, and has nothing to do with spending. If you want to talk about improving our debt situation, then yes, increasing revenue while reducing spending would be the fastest solution.

A penny saved is a penny earned. If you're not spending revenue then it stands to reason there is going to be more revenue saved.

The fact that you pile wars and the recession onto the tax cuts is amazing, they aren't related. What is related is that with the increase in money, middle class and lower class had more disposable income. The more disposable income they have, the more they spend on the direct economy.

They are related. The revenue to pay for almost everything government does comes from taxes. So if you decrease revenue (incoming) and increase spending (outgoing) then you're eventually going to broke. It's just that simple.

Re: Govt. borrows 46 cents of every dollar it spends

Originally Posted by H. Lee White

This is mostly because federal spending buys votes.

I'm not so sure. I think the voters are getting a little bit nervous about that 16 teradollar and growing debt. The problem is, no one wants their favorite government program ended, nor do they want their taxes raised. They want someone else's program ended, and someone else's taxes raised.

"The greatest enemy of knowledge is not ignorance. It is the illusion of knowledge" Stephen Hawking

Re: Govt. borrows 46 cents of every dollar it spends

Originally Posted by Moot

A penny saved is a penny earned. If you're not spending revenue then it stands to reason there is going to be more revenue saved.

They are related. The revenue to pay for almost everything government does comes from taxes. So if you decrease revenue (incoming) and increase spending (outgoing) then you're eventually going to broke. It's just that simple.

So you are talking about debt and not revenue?

We went from sticks and stones may break my bones but words will never hurt me to safe spaces.

Re: Govt. borrows 46 cents of every dollar it spends

Originally Posted by Dittohead not!

I'm not so sure. I think the voters are getting a little bit nervous about that 16 teradollar and growing debt. The problem is, no one wants their favorite government program ended, nor do they want their taxes raised. They want someone else's program ended, and someone else's taxes raised.

Well, that's true as well - but it all boils down to votes.
If you campaign to cut off subsidies, those who get those subsidies will likely not vote for you.

Re: Govt. borrows 46 cents of every dollar it spends

Originally Posted by Dittohead not!

I'm not so sure. I think the voters are getting a little bit nervous about that 16 teradollar and growing debt. The problem is, no one wants their favorite government program ended, nor do they want their taxes raised. They want someone else's program ended, and someone else's taxes raised.